Under the agreement, SBM Offshore will upgrade the Mondo and Saxi Batuque FPSOs to support continued service on Block 15.
Esso Exploration Angola has extended SBM Offshore’s lease and operation contract for the FPSOs Mondo and Saxi Batuque.SBM will now continue ownership and operation of the two FPSOs on Block 15 offshore Angola through 2032.The agreement includes life-extension work covering equipment replacement and refurbishment to ensure safety and operational capabilities. This work is due to start in 2032.Other partners in Block 15 are Azule Energy, Equinor and Sonangol E&P.In June, SBM completed a deal to transfer its equity interest in the lease and operating entities of the FPSO Aseng, which works offshore Eqautorial Guinea, to state-owned GEPetrol.